EUR/USD managed to recover as November began. Updated EU forecasts and some German data stand out, as Americans go to the polls. Volatility is going to be high. Here is an outlook for the highlights of this week. Eurogroup meetings: Monday, with the wider Ecofin on Tuesday. European finance ministers convene to discuss business. Comments come out throughout the day.German Factory Orders: Monday, 7:00. A rise of 0.2% is on the cards. ...
US Presidential Election, Crude Oil Inventories, Unemployment Claims, Prelim UoM Consumer Sentiment, Rate decision in New Zealand. These are the main highlights of this week. US Presidential Election: Tuesday. US Presidential election attracts worldwide attention offering many surprises and uncertainties. The question is how the election would impact the economy and the markets. History suggests that the markets respond better to predictable ...
FOMC: "We believe that any taper tantrum angst is premature, however. Next week’s Fed meeting should make an explicit reference to a rate move in December but there seems to be less scope for aggressive tightening of US financial conditions given that the implied probability of a hike is already close to 75%. We doubt that there will be a sustained risk selloff either, especially if the non-farm payrolls and ISM data underpins the constructive outlook for the US economy and adds to the recent stream ...
EUR/USD struggled to recover, but it also did not extend its falls. A mix of PMIs, inflation figures and also GDP stand out at the turn of the month. Here is an outlook for the highlights of this week. German Retail Sales: Monday, 7:00.CPI: Monday, 10:00.GDP: Monday, 10:00. The 19-country eurozone has grown by 0.3% q/q in Q2 2016, and further growth is on the cards also in Q3. Spain’s growth remains encouraging, but France lags ...
The US dollar took a break but eventually renewed its strength, with new seven month highs against the euro and the loonie. Mark Carney and Mario Draghi’s speeches, US Durable Goods Orders, and GDP data from the UK and the US. These are the major events on forex calendar. German Ifo Business Climate: Tuesday, 8:00. Economists expect a further rise to 109.6.US CB Consumer Confidence: Tuesday, 14:00. U.S. consumer confidence is expected ...
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